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Economic Development is . . . (increasing the flow) of capital through the community and reducing its leakage.

Housing Update: 72 residents & neighbors benefit from first year of Trust Fund grant cycle. Annual Meeting April 6

During 2010 our new nonprofit Region 6 Housing Trust Fund was launched to help improve affordable housing options and maintain healthy housing stock for Hardin, Marshall, Poweshiek and Tama County neighborhoods. Here is a snapshot of the impact of the regional Housing Trust Fund’s impact on Tama County in 2010:

  • Dollars invested: Tama County: $56,423 (Regionally: $317,365)
  • Recipient Cities: Chelsea, Clutier, Dysart, Garwin, Toledo-Tama, and Traer
  • Rent and/or utility assistance: $8,674.00 (24 recipients)
  • Owner-occupied homes rehabilitated: $47,749 (AVERAGE: $9,550) (5 recipients)
  • Extremely low income served (30% of MFI): 65% of those funds ($36,424)
  • 72 low income people total:
    –   34 children age 18 and under
    –   10 persons with disabilities
    –   13 minorities

Second round applications are expected to become available April or May 2011. Approximately the same amount is available in Tama County for owner and rental housing improvement, downpayment and homebuyer assistance. Priority will be given based on need as well as expedience with getting applications in, so please touch base with Tama County Economic Development if you would like to be on the email/mailing list to be notified when the application becomes available.

REGION 6 HOUSING TRUST FUND ANNUAL MEETING
Wed. April 6, 2011, 12 p.m.
Marshalltown Public Library (public meeting room)
105 W. Boone Street
Marshalltown, Iowa
Public welcome. Lunch will be provided.
Please RSVP to Donna Sampson, 641-752-0717 or dsampson@region6planning.org by March 30, 2011, if you plan to attend.
The focus of this meeting will be to review the projects completed and general accomplishments in 2010, as well as discuss goals and objectives for 2011 and beyond.  A short program provided by Doug Garrett and Mark Steinberg from Habitat for Humanity will follow. Concluding the meeting will be the election of officers of the Region 6 Housing Trust Fund for the 2011-2012 fiscal year.

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